Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Gate−0.065%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1251.252% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.065%, 7d avg +0.032%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.097% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KORU_USDT	21.594	0	get 0.0000% / 8h	24m 40s	$2.5M	$4.2M	25x
Short	Phemex KORUUSDT	21.580	0	get 0.0000% / 8h	24m 40s	$1.5M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee PhemexbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → +0.032%: −$9.7
Slippage, 4 orders: −$98.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$134.89
Costs to cover: 1.252%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Phemex: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 4 min ago	3.69 bp	12.0 bp −$12	28.2 bp −$282	42.4 bp −$4,240	58.6 bp −$29.3K
Sell Phemex live order book, 4 min ago	2.31 bp	44.6 bp −$45	doesn't fit	doesn't fit	doesn't fit

KORU on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KORUUSDT	−0.2506%	8h	21.596	+0.009%	$54.1M	$62.5M	20x	as long as short
OKX KORU-USDT-SWAP	−0.0075%	8h	21.600	+0.028%	$6.1M	$29.2M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	21.593	−0.004%	$64K	$320K	50x	as long as short
Extended KORU-USD	0.0000%	1h	21.584	−0.045%	$9K	$181K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	21.592	−0.009%	$49.5M	$380.3M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	21.590	−0.019%	$6.4M	$24.4M	50x	as long as short
RISEx KORU/USDC	0.0000%	1h	21.596	+0.011%	$28K	$298K	5x	as long as short
Gate KORU_USDTlong	0.0000%	8h	21.594	long leg	$2.5M	$4.2M	25x
MEXC KORU_USDT	0.0000%	8h	21.590	−0.019%	$11.7M	$23.0M	50x	as long as short
SunX KORU-USDT	0.0000%	8h	21.560	−0.157%	—	$3.3M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX KORU-USDT	0.0000%	8h	21.610	+0.074%	$8K	$20K	10x	as long as short
Phemex KORUUSDTshort	0.0000%	8h	21.580	−0.065%	$1.5M	$2.2M	10x
KuCoin KORUUSDTM	+0.0003%	8h	21.600	+0.028%	$399K	$893K	20x	as long as short
Lighter KORU	+0.0032%	1h	21.570	−0.111%	—	—	10x	as long as short
tradeXYZ xyz:KORU	+0.0050%	1h	21.570	−0.111%	$3.1M	$10.3M	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	21.610	+0.074%	$11K	$70K	5x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	21.640	+0.213%	$2K	$102K	10x	as long as short
edgeX KORUUSDC	+0.0359%	4h	21.634	+0.187%	$433K	$315K	10x	as long as short